Categories AlphaGraphs, Earnings, Technology
INTC Infographic: Intel Q2 2023 revenues and adjusted earnings fall
Semiconductor giant Intel Corporation (NASDAQ: INTC) Thursday reported lower adjusted net income and revenues for the second quarter of 2023.
Revenues plunged 15% year-over-year to $12.9 billion in the second quarter. Client Computing and Data Center & AI Group, the company’s main operating segments, contracted sharply during the three-month period.
The tech firm reported earnings of $0.13 per share for the June quarter, on an adjusted basis, compared to $0.28 per share in the second quarter of 2022. On a reported basis, net income was $1.5 billion or $0.35 per share, compared to a loss of $0.5 billion or $0.11 per share last year.
“Our Q2 results exceeded the high end of our guidance as we continue to execute on our strategic priorities,
including building momentum with our foundry business and delivering on our product and process roadmaps,” said Intel’s CEO Pat Gelsinger.
Prior Performance
_________________________________________________________________________________________________________________
Stocks you may like:
International Business Machines Corp. (IBM) Stock
_________________________________________________________________________________________________________________
Most Popular
Costco (COST) reports strong growth in Q1 FY26 earnings; revenue up 8%
Costco Wholesale Corporation (NASDAQ: COST) has reported an increase in net income for the first quarter of fiscal 2026. Revenues grew 8.3% year-over-year. The Issaquah, Washington-headquartered warehouse giant’s total revenues
AVGO Earnings: Broadcom reports higher Q4 FY25 revenue, profit; results beat
Semiconductor company Broadcom, Inc. (NASDAQ: AVGO) on Thursday reported an increase in revenue and adjusted earnings for the fourth quarter of fiscal 2025. The numbers also surpassed analysts' expectations. Adjusted
Lamb Weston (LW) is set to report Q2 2026 earnings next week, here’s what to look for
Shares of Lamb Weston Holdings, Inc. (NYSE: LW) rose over 1% on Thursday. The stock has gained 4% over the past three months. The French fry giant is slated to
